Carrier Global (NYSE:CARR) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Carrier Global (NYSE:CARR) released its earnings results on Tuesday. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04, FiscalAI reports. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Carrier Global updated its FY 2026 guidance to 2.900-2.900 EPS.

Here are the key takeaways from Carrier Global’s conference call:

• Carrier raised its 2026 outlook, now expecting approximately $23 billion in sales, $3.5 billion in adjusted operating profit, and $2.90 in adjusted EPS, supported by stronger-than-expected first-half results.
• Orders increased about 40% in the quarter, with commercial HVAC orders up 65% and data-center orders up fourfold; total backlog exceeded $8 billion, providing strong visibility into second-half growth and 2027 demand.
• Carrier raised its 2026 data-center sales forecast to approximately $2 billion, with $1.5 billion expected in the second half, and plans a new U.S. facility to expand capacity for continued hyperscaler and colocation demand.
• Second-quarter margins declined year over year due to unfavorable business mix, higher input costs, tariff timing, lower joint-venture income, and increased investments; management expects third-quarter operating margin to fall sequentially to about 16.5%.
• Residential and light-commercial markets improved, with North American residential sales up 9% and European heat-pump sales up 20%; Carrier also completed the Riello divestiture, announced the NORESCO sale, and acquired 75F to expand its cloud-native, AI-enabled building-management platform.

Carrier Global Stock Down 4.7%

NYSE:CARR opened at $66.08 on Tuesday. The firm has a market capitalization of $54.88 billion, a price-to-earnings ratio of 43.37, a PEG ratio of 2.76 and a beta of 1.31. Carrier Global has a 1-year low of $50.24 and a 1-year high of $76.76. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The business’s fifty day moving average price is $68.60 and its 200 day moving average price is $63.33.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s payout ratio is currently 63.16%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CARR shares. Argus upped their price target on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Barclays lifted their target price on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Citigroup upped their target price on Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 13th. Rothschild & Co Redburn increased their price target on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, Wells Fargo & Company boosted their price objective on Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.51.

Institutional Trading of Carrier Global

Several hedge funds have recently added to or reduced their stakes in the business. Garton & Associates Financial Advisors LLC bought a new position in Carrier Global in the 4th quarter worth approximately $33,000. Kelleher Financial Advisors acquired a new stake in shares of Carrier Global in the third quarter worth $49,000. Transamerica Financial Advisors LLC grew its stake in shares of Carrier Global by 862.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,011 shares of the company’s stock worth $53,000 after acquiring an additional 906 shares during the last quarter. DV Equities LLC bought a new position in Carrier Global during the fourth quarter worth $58,000. Finally, EFG International AG bought a new stake in shares of Carrier Global in the fourth quarter valued at about $70,000. Institutional investors own 91.00% of the company’s stock.

Key Carrier Global News

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Second-quarter results exceeded expectations. Carrier reported adjusted earnings of $0.86 per share, ahead of consensus estimates ranging from $0.82 to $0.83. Revenue reached $6.35 billion, surpassing the approximately $6.02 billion analyst forecast. Earnings were below the $0.92 per share reported a year earlier, but the quarterly beat was supportive for the stock. Carrier Global Q2 earnings and revenues beat estimates
• Positive Sentiment: Carrier increased its full-year 2026 outlook. The company now expects earnings per share of $2.90 and revenue of $23.0 billion, above analyst estimates of roughly $2.80 and $22.2 billion, respectively. Carrier also said it increased its outlook for full-year sales and adjusted operating profit, signaling improved confidence in its operating performance. Carrier reports second-quarter 2026 results
• Neutral Sentiment: Carrier agreed to sell its NORESCO energy services business to OPTERRA Energy Services, a subsidiary of LS Power. The divestiture is consistent with portfolio simplification and may allow Carrier to concentrate on its core climate and energy-solutions operations, but the financial terms and immediate earnings impact were not disclosed. Carrier announces agreement to sell NORESCO

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.